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Amid Slumping Global Oil Prices, Indonesia's Fuel Subsidy Cut Pays Off

At the beginning of this year, Indonesian President Joko Widodo cut long-standing government-funded fuel subsidies. In the past, protests and even riots have followed price increases, but this time plummeting global oil prices have softened the impact. So far, many customers at this state-owned Pertamina gas station in Jakarta support the government decision to end fuel subsidies. But the cost of gasoline at the pump has increased only slightly because world oil prices...

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